Wednesday 21 March 2018

Kenny flies out for EU-Latin America summit set to be dominated by Greece crisis talks

Taoiseach Enda Kenny
Taoiseach Enda Kenny newsdesk

The Greek crisis is expected to overshadow an EU-Latin America summit in Brussels of more than 40 European, Latin American and Caribbean leaders, including Taoiseach Enda Kenny.

Officially talks are set to centre on on issues such as trade, climate change and diplomatic ties. However, talks on how to avert a Greek default on its debt, and subsequent potential exit from the Eurozone, are expected to dominate the summit.

Greece's current bailout runs out at the end of the month, at the same time as the country will have to repay €1.6bn to the International Monetary Fund.

A new reform proposal submitted by Athens earlier this week failed to fully satisfy creditors, heightening concerns about whether Greece can agree on a deal to unlock new funding to ward off a debt default.

German Chancellor Angela Merkel, who is due to meet Greek Prime Minister Alexis Tsipras on the margins of the summit tonight along with French President Francois Hollande, has already stressed the urgent need for a settlement.

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